Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Dermatology Devices Market – Market Insights

Dermatology devices are expected to grow at a faster rate due to rising focus among the populace on esthetics. This has led to growing awareness about various types of aesthetic procedures used for treating hair and skin related disorders. Since women are larger consumers of skin and hair care treatments, they are considered as key revenue generators in the market. Growing prevalence of skin disorders due to unhealthy lifestyle and food habits. Psoriasis, acne, eczema, and skin lesions are some of the most commonly prevalent skin ailments. These factors are expected to drive growth of the global dermatology devices market.

Furthermore, the growing healthcare expenditure and rising disposable income is boosting demand for dermatology devices globally. According to the Organization of Economic Co-Operation and Development 2019 health statistics, in 2017 U.S. spent around 17.1% of its GDP  on health, which was the highest compared to other countries.

The global dermatology devices market size is valued at US$ 4,546.2 million in 2019 and is expected to exhibit a CAGR of 7.6% over the forecast period (2019–2027).

Figure 1. Global Dermatology Devices Market Value (US$ Mn), by Region, 2019

Dermatology Devices  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2019)

Rising Incidence of skin disorders is expected to propel the market growth

Skin disease is one of the leading causes of the increasing global disease burden, affecting millions of people worldwide. Skin disorders include acne psoriasis, atopic dermatitis, and skin cancer.

According to the World Health Organization report 2018, skin diseases are among the most common of all human health afflictions and affect almost 900 million people in the world.

According to the American Academy of Dermatology 2018 report, acne is the most common skin condition in the U.S. affecting around 50 million peoples annually, which is expected to propel growth of the dermatology devices market.

The incidence of both non-melanoma and melanoma skin cancers has been increasing over the past decades. According to the World Health Organization’s 2018 health statistics, around 2 to 3 million cases of non-melanoma skin cancers, and 132,000 melanoma skin cancers occur globally each year.  Moreover, according to the Skin Cancer Foundation Statistics 2019, one in every five Americans will develop skin cancer by the age of 70.

Moreover, the high cost of dermatological treatments is expected to restrain demand for these procedures. In addition to this, there are various side effects of dermatological treatments such as skin irritation, changes in pigmentation, and skin dryness. Thus it is the biggest challenge for market players which restrain market growth over the forecast period.

Figure 2. Global Dermatology Devices Market Share (%), by Product Type,

Dermatology Devices  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2019) 

Increasing number of cosmetic surgeries for enhancing appearance

Most invasive surgical procedures often leave behind scars and vascular lesions. Aging results in loss of hair, wrinkles, and skin deterioration. The last decade has witnessed an increasing number of minimally invasive procedures and rising inclination of people to undergo cosmetic procedures in order to enhance appearance.

According to the, American Society of Plastic surgeons (ASPS) have published new statistics which reveal that in 2018 around 18 million people underwent surgical and minimally invasive cosmetic procedures in the U.S.

 Moreover, increasing body modification through getting a tattoo done is a rage across the globe and the trend transcends all boundaries of age, race, and gender. This is a factor which is expected to drive demand for dermatological devices. According to the survey by conducted by researchers from the Massachusetts General Hospital Dermatology Laser and Cosmetic Center, one in seven people wished they had never got a tattoo engraved on their skin.

There are several medical technology companies focusing on strategic mergers and acquisitions in order to expand their product portfolio. For instance in March 2017 Hologic, Inc. announced that they completed the acquisition of Cynosure, Inc., a medical aesthetics systems and technology company, for building strong product portfolio and innovative product launch.

Key Players

Major players operating in the global dermatology devices market include Valeant Pharmaceuticals International Inc., Lumenis, Ltd., Hologic, Inc., Syneron Candela Ltd., Avita Medical Ltd., Alma Lasers, Ltd., Lutronics Corporation, Beijing Toplaser Technology Co. Ltd., Shanghai Fosun Pharmaceutical Group Co. Ltd., and Cutera, Inc.

Skin diseases were not considered to be much of a concern among the medical fraternity, with focus mainly towards combating major diseases such as HIV/AIDS, hepatitis, heart disease, diabetes and hospital-acquired pneumonias. According to World Health Organization 2018 statistics, around 56.9 million deaths occurred globally in 2016 due to major diseases. Moreover, increasing research and development of dermatological devices is expected to propel growth of the market. For instance, in December 2018, researchers from the Columbia University Irving Medical Center developed a tissue engineering and 3D printing device to grow new hair follicles and reduce hair loss. They demonstrated that the device was able to grow human hair follicles in a dish and on mice for the first time. These hair follicles could be used to address hair thinning and pattern baldness.

Market Dynamics

Adoption of technologically advanced and portable dermatology devices are expected to facilitate growth of the global dermatology devices market. In December 2018, Luma Therapeutics, a company engaged in developing treatment for inflammatory skin conditions, announced the launch of Illuvinate system for treating plaque psoriasis. It is an in-home treatment designed to provide lasting relief from psoriasis symptoms.

Key features of the study:

  • This report provides in-depth analysis of the global dermatology devices market and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2019–2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global dermatology devices market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include Valeant Pharmaceuticals International Inc., Lumenis, Ltd., Hologic Inc., Syneron Candela Ltd., Avita Medical Ltd., Alma Lasers, Ltd., Lutronics Corporation, Beijing Toplaser Technology Co. Ltd., Shanghai Fosun Pharmaceutical Group Co. Ltd., and Cutera, Inc.
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global dermatology devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global dermatology devices market

Detailed Segmentation:

  • Global Dermatology Devices Market, By Product Type:
    • Microdermabrasion Devices
    • RF Devices
    • Lasers
  • Global Dermatology Devices Market, By Application:
    • Vascular Lesions
    • Scar Removal
    • Tattoo removal
    • Hair removal
    • Wrinkle Removal
    • Acne Treatment
    • Skin Rejuvenation
    • Pore Reduction
  • Global Dermatology Devices Market, By End User:
    • Hospitals
    • Specialty Dermatology Clinics
    • Private Clinics
  • Global Dermatology Devices Market, By Region:
    • North America
      • By Product Type:
        • Microdermabrasion Devices
        • RF Devices
        • Lasers
      • By Application:
        • Vascular Lesions
        • Scar Removal
        • Tattoo removal
        • Hair removal
        • Wrinkle Removal
        • Acne Treatment
        • Skin Rejuvenation
        • Pore Reduction
      • By End User:
        • Hospitals
        • Specialty Dermatology Clinics
        • Private Clinics
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
        • Microdermabrasion Devices
        • RF Devices
        • Lasers
      • By Application:
        • Vascular Lesions
        • Scar Removal
        • Tattoo removal
        • Hair removal
        • Wrinkle Removal
        • Acne Treatment
        • Skin Rejuvenation
        • Pore Reduction
      • By End User:
        • Hospitals
        • Specialty Dermatology Clinics
        • Private Clinics
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
        • Microdermabrasion Devices
        • RF Devices
        • Lasers
      • By Application:
        • Vascular Lesions
        • Scar Removal
        • Tattoo removal
        • Hair removal
        • Wrinkle Removal
        • Acne Treatment
        • Skin Rejuvenation
        • Pore Reduction
      • By End User:
        • Hospitals
        • Specialty Dermatology Clinics
        • Private Clinics
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Microdermabrasion Devices
        • RF Devices
        • Lasers
      • By Application:
        • Vascular Lesions
        • Scar Removal
        • Tattoo removal
        • Hair removal
        • Wrinkle Removal
        • Acne Treatment
        • Skin Rejuvenation
        • Pore Reduction
      • By End User:
        • Hospitals
        • Specialty Dermatology Clinics
        • Private Clinics
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
        • Microdermabrasion Devices
        • RF Devices
        • Lasers
      • By Application:
        • Vascular Lesions
        • Scar Removal
        • Tattoo removal
        • Hair removal
        • Wrinkle Removal
        • Acne Treatment
        • Skin Rejuvenation
        • Pore Reduction
      • By End User:
        • Hospitals
        • Specialty Dermatology Clinics
        • Private Clinics
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Microdermabrasion Devices
        • RF Devices
        • Lasers
      • By Application:
        • Vascular Lesions
        • Scar Removal
        • Tattoo removal
        • Hair removal
        • Wrinkle Removal
        • Acne Treatment
        • Skin Rejuvenation
        • Pore Reduction
      • By End User:
        • Hospitals
        • Specialty Dermatology Clinics
        • Private Clinics
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Valeant Pharmaceuticals International Inc.*
      • Company Overview
      • Material Portfolio
      • Financial Performance
      • Key Highlights
      • Market Strategies
    • Lumenis, Ltd.
    • Hologic, Inc.
    • Syneron Candela Ltd.
    • Avita Medical Ltd.
    • Alma Lasers, Ltd.
    • Lutronics Corporation
    • Beijing Toplaser Technology Co. Ltd.
    • Shanghai Fosun Pharmaceutical Group Co. Ltd.
    • Cutera, Inc.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Market Trends
    • Key Developments
    • Regulatory Scenario
    • Merger and Acquisition Scenario
    • PEST Analysis
  4. Global Dermatology Devices Market, By Product Type, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Microdermabrasion Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • RF Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Lasers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Global Dermatology Devices Market, By Application, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Vascular Lesions
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Scar Removal
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Tattoo removal
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Hair removal
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Wrinkle Removal
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Acne Treatment
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Skin Rejuvenation
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Pore Reduction
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Dermatology Devices Market, By End User, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Specialty Dermatology Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Private Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  7. Global Dermatology Devices Market, By Region, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2027
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
      • Valeant Pharmaceuticals International Inc.*
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Lumenis, Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Hologic,
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Syneron Candela Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Avita Medical Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Alma Lasers, Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Lutronics Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Beijing Toplaser Technology Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Shanghai Fosun Pharmaceutical Group Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Cutera, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies

“*” marked represents similar segmentation in other categories in the respective section.

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